> On Christmas Eve, 9 “peer-reviewed” economics papers were quietly retracted by Elsevier, the world’s largest academic publisher.

It is becoming clearer and clearer that peer review is a systematized band wagon fallacy.

It relies on the belief that one’s peers in a competitive field, presented with new ideas and evidence, will simply accept it.

And yet, “science progresses one funeral at a time” is an old joke.

“Peer review” is an indication an idea is safe for granting agency bureaucrats to fund, not an indication of its truth, validity, or utility.